Harbour Energy (LON:HBR) Trading Down 11.7% – Time to Sell?

Harbour Energy plc (LON:HBR) shares fell 11.7% during mid-day trading on Thursday . The company traded as low as GBX 184.60 ($2.38) and last traded at GBX 189.05 ($2.44). 9,060,795 shares were traded during trading, an increase of 95% from the average session volume of 4,646,849 shares. The stock had previously closed at GBX 214 ($2.76).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “not rated” rating on shares of Harbour Energy in a report on Thursday, January 23rd.

Harbour Energy Price Performance

The company has a debt-to-equity ratio of 76.75, a quick ratio of 0.33 and a current ratio of 0.82. The stock has a market capitalization of £3.40 billion, a P/E ratio of 59.54, a price-to-earnings-growth ratio of 0.04 and a beta of -0.23. The firm has a 50-day moving average price of GBX 249.01 and a 200 day moving average price of GBX 259.92.

About Harbour Energy

Harbour Energy is the largest London-listed independent oil and gas company with significant positions in Norway, the UK, Germany, Argentina, Mexico, North Africa and South East Asia.